BRASILIA (Reuters) – Economists at Goldman Sachs have slashed their Latin American economic outlook due to the coronavirus outbreak, and now expect Brazil’s gross domestic product to shrink by 7.4% this year and Mexico’s by 8.5%.
That compares with previous forecasts of 3.4% and 5.6% contractions, respectively, and will drive a downturn of 7.6% across Latin America’s seven main economies, they said in a note on Tuesday.
(Reporting by Jamie McGeever)
